Understanding Capital Gains and How They’re Taxed The foundation of effective capital gains tax planning begins with understanding how investment profits are classified and taxed. Capital gains occur when you sell an asset for more than your original purchase price, and the IRS categorizes these gains as either short-term or long-term based on your holding […]
Implementing proven tax-efficient investment strategies Successful investors understand that tax-efficient investment strategies can significantly enhance long-term returns. The foundation of these approaches begins with asset location – placing investments in accounts where they’ll be taxed most favorably. Taxable accounts work best for long-term equity holdings that qualify for preferential capital gains rates, while tax-deferred accounts […]